A first report on how private companies are prepared for the new lease accounting standards that come into use in January 2020 suggests many have significant work remaining to meet the new requirements.
The research study of 350 finance and accounting leaders from US-based private companies with $1 billion or more in revenue looked at their plans for implementing ASC 842.
Overall, almost 55% of companies are finding the lease accounting project to be more complex than originally anticipated.
Collecting data, modifying business processes and project managing the enterprise-wide effort are the top three challenges.
Apr 15, 2019
A first report on how private companies are prepared for the new lease accounting standards that come into use in January 2020 suggests many have significant work remaining to meet the new requirements.
The research study of 350 finance and accounting leaders from US-based private companies with $1 billion or more in revenue looked at their plans for implementing ASC 842.
Overall, almost 55% of companies are finding the lease accounting project to be more complex than originally anticipated.
Collecting data, modifying business processes and project managing the enterprise-wide effort are the top three challenges.
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CIT Group has completed a third round of financing for an innovative battery-based energy storage project to boost renewable energy use in Southern California.
This latest financing agreement for Macquarie's Green Investment Group follows two earlier rounds led by CIT’s power and energy business, bringing combined CIT-led funding for the project to more than $160 million.
The loans support battery storage throughout the West Los Angeles Basin region, which totals about 63 megawatts across 89 different sites for 28 different host customers.
Apr 15, 2019
CIT Group has completed a third round of financing for an innovative battery-based energy storage project to boost renewable energy use in Southern California.
This latest financing agreement for Macquarie's Green Investment Group follows two earlier rounds led by CIT’s power and energy business, bringing combined CIT-led funding for the project to more than $160 million.
The loans support battery storage throughout the West Los Angeles Basin region, which totals about 63 megawatts across 89 different sites for 28 different host customers.
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ACT NOW - Nominations close on 13 May 2019. Awards Announced at the IAFN Awards Dinner on 13 June 2019 at etc.venues, 155 Bishopsgate, London
The IAFN Spring Awards 2019 celebrate leading finance providers and their suppliers. In addition to entries from UK we particularly welcome awards from European finance providers.
IAFN awards nominations are judged by a panel of independent auto and equipment finance providers and the process is overseen as independent by Adrian Dally, Head of Motor Finance at the Finance & Leasing Association.
Apr 11, 2019
ACT NOW - Nominations close on 13 May 2019. Awards Announced at the IAFN Awards Dinner on 13 June 2019 at etc.venues, 155 Bishopsgate, London
The IAFN Spring Awards 2019 celebrate leading finance providers and their suppliers. In addition to entries from UK we particularly welcome awards from European finance providers.
IAFN awards nominations are judged by a panel of independent auto and equipment finance providers and the process is overseen as independent by Adrian Dally, Head of Motor Finance at the Finance & Leasing Association.
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Bynx has released v12.8 of its fleet and mobility management platform (also called Bynx).
The new platform supports a number of important operational, legal and fiscal changes in various markets.
Apr 11, 2019
Bynx has released v12.8 of its fleet and mobility management platform (also called Bynx).
The new platform supports a number of important operational, legal and fiscal changes in various markets.
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The International Asset Finance Network (IAFN) has announced changes to its senior team as it prepares for future growth.
IAFN was founded in 2013 by Edward Peck (pictured), chief executive officer of Asset Finance International, consulting editor Brian Rogerson, and Professor Colin Tourick, a specialist in the automotive fleet and asset finance markets.
Since its first conference in 2014, it has grown to become the largest asset finance conference in Europe.
Under the management changes, Asset Finance International will acquire Tourick’s 50% interest in IAFN.
Apr 10, 2019
The International Asset Finance Network (IAFN) has announced changes to its senior team as it prepares for future growth.
IAFN was founded in 2013 by Edward Peck (pictured), chief executive officer of Asset Finance International, consulting editor Brian Rogerson, and Professor Colin Tourick, a specialist in the automotive fleet and asset finance markets.
Since its first conference in 2014, it has grown to become the largest asset finance conference in Europe.
Under the management changes, Asset Finance International will acquire Tourick’s 50% interest in IAFN.
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This year’s International Asset Finance Network (IAFN) conference and awards is proudly sponsored by asset finance technology leader White Clarke Group.
On the 13th June, at 155 Bishopsgate in London, key industry leaders and specialists will gather at the IAFN conference to consider the findings of a major new study conducted by Professor Tim Baines of Aston Business School on the changing roles of fleet, auto retail and equipment finance providers as digitalisation and servitisation begins to transform the auto and equipment finance industry.
This conference is based on a Delphi study, conducted amongst twelve leading global banks and manufacturer captives, supported by White Clarke Group, as new service-focussed finance models including pay-per-mile, power-by-the-hour, device-as-a-service and even (in the case of one robot manufacturer) pay-per-pick start to emerge.
Apr 09, 2019
This year’s International Asset Finance Network (IAFN) conference and awards is proudly sponsored by asset finance technology leader White Clarke Group.
On the 13th June, at 155 Bishopsgate in London, key industry leaders and specialists will gather at the IAFN conference to consider the findings of a major new study conducted by Professor Tim Baines of Aston Business School on the changing roles of fleet, auto retail and equipment finance providers as digitalisation and servitisation begins to transform the auto and equipment finance industry.
This conference is based on a Delphi study, conducted amongst twelve leading global banks and manufacturer captives, supported by White Clarke Group, as new service-focussed finance models including pay-per-mile, power-by-the-hour, device-as-a-service and even (in the case of one robot manufacturer) pay-per-pick start to emerge.
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TimePayment buys LeaseQ
Monthly US new business volume declines for first time in two years
FICO pinpoints shift to online financing
Tomorrow’s Journey partners with LeasePlan UK ahead of mobility pilot
